Morgan BellDomino's Pizza Refurbishes for Success
December 28th 2006 09:57
The next time you pick up your Domino’s pizza you might notice something different. Dominos is wrapping up itself for great growth and is now expanding throughout Europe. Stay with me for an inside view.
The news today, 28 December 2006, is that “Domino’s Pizza Enterprises Ltd is rolling out a new image for its 389 stores across Australia.”
“Over the next seven years, stores will be upgraded to incorporate an open-plan layout with additional customer seating, repositioned menus, plasm screens, inbuilt counter fridges and streamlined pizza-making and cooking areas to improve efficiency.”
“New-look stores in Warwick, WA, and St Kilda, Victoria, are expected to open before the end of the week, joining the West End and Bracken Ridge stores in Brisbane, and Currimundi on the Sunshine Coast.”
“The company said earlier this year that it would add 40 new stores during 2006-07.”
This news was published in the online version of The Age under the title “Domino’s to get a new look in Australia” and was sourced from AAP.
Domino’s Pizza Enterprises (ASX: DMP) is a wonderful company aiming at great financial growth in the medium to long term.
Domino’s is a particularly aggressive and well organised business proposition, from the supply side to the shop front and the customer.
Domino’s has 600 stores throughout Australia, New Zealand, France, Belgium, The Netherlands and the Principality of Monaco.
The expansion though Europe has just started, so many new stores will be opened as the business unfolds.
Domino’s listed in the ASX in 2004 but figures up to 2001 are available.
Its revenues grew from $34.7 million in 2001 to $172.9 million in 2006 for a compounded annual growth rate of 37.9 per cent.
Domino’s Net Profit After Tax grew from $0.9 million in 2001 to $13 million in 2006 representing a compounded annual growth rate of 70.6 per cent.
Domino’s Pizza stores were 178 in 2001 and are now 600.
Domino’s Equity is $56.4 million and its Debt is $30.6 million representing 35 per cent of the Capital. Domino’s debt would take 2.35 years to repay at current levels of NPAT. Its Interest bill is $1.5 million.
Domino’s current EPS is 21.3 cents. It paid a dividend of 10.9 cents in 2006.
Its share price is $3.05, a P/E of 14.3 times which is well below the industry average of 18 times. Domino’s capitalisation compares favourably with bond prices meaning that it’s undervalued.
End
The news today, 28 December 2006, is that “Domino’s Pizza Enterprises Ltd is rolling out a new image for its 389 stores across Australia.”
“Over the next seven years, stores will be upgraded to incorporate an open-plan layout with additional customer seating, repositioned menus, plasm screens, inbuilt counter fridges and streamlined pizza-making and cooking areas to improve efficiency.”
“New-look stores in Warwick, WA, and St Kilda, Victoria, are expected to open before the end of the week, joining the West End and Bracken Ridge stores in Brisbane, and Currimundi on the Sunshine Coast.”
“The company said earlier this year that it would add 40 new stores during 2006-07.”
This news was published in the online version of The Age under the title “Domino’s to get a new look in Australia” and was sourced from AAP.
Domino’s Pizza Enterprises (ASX: DMP) is a wonderful company aiming at great financial growth in the medium to long term.
Domino’s is a particularly aggressive and well organised business proposition, from the supply side to the shop front and the customer.
Domino’s has 600 stores throughout Australia, New Zealand, France, Belgium, The Netherlands and the Principality of Monaco.
The expansion though Europe has just started, so many new stores will be opened as the business unfolds.
Domino’s listed in the ASX in 2004 but figures up to 2001 are available.
Its revenues grew from $34.7 million in 2001 to $172.9 million in 2006 for a compounded annual growth rate of 37.9 per cent.
Domino’s Net Profit After Tax grew from $0.9 million in 2001 to $13 million in 2006 representing a compounded annual growth rate of 70.6 per cent.
Domino’s Pizza stores were 178 in 2001 and are now 600.
Domino’s Equity is $56.4 million and its Debt is $30.6 million representing 35 per cent of the Capital. Domino’s debt would take 2.35 years to repay at current levels of NPAT. Its Interest bill is $1.5 million.
Domino’s current EPS is 21.3 cents. It paid a dividend of 10.9 cents in 2006.
Its share price is $3.05, a P/E of 14.3 times which is well below the industry average of 18 times. Domino’s capitalisation compares favourably with bond prices meaning that it’s undervalued.
End
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